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Billionaire Tim Draper Says Netflix Might be the Next Big Company to Buy Bitcoin

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The well-known Billionaire investor chose Netflix among the big companies as the company most likely to include Bitcoin on its balance sheet.

Billionaire Tim Draper said Netflix may be the next company in the Fortune 100 to acquire Bitcoin (BTC) and Amazon will have to accept that.

In the unstoppable February 28 podcast, the continuous investor and Hodler predicted that Netflix would have a choice of all possible candidates to include BTC on its balance sheet.

The Billionaire Predict Netflix and Amazon to Be Involve in Crypto

That forecast was made with clear indications that institutional purchases continue to emerge at current prices. Over the past week, several large transactions totalling $48,000 have been made in Coinbase Pro. The classic buyers MicroStrategy and Square have expanded their positions.

He said, “Do you know who it could be? Netflix.”

“I think Reed Hastings is a very innovative person and has a lot of innovative thinking. I think he still controls the Netflix position so I think this could be the next big company.”

Draper, who was once an optimist, also believes that Amazon will increase the possibility of direct Bitcoin payments in the future.

He Said, “Amazon could soon accept Bitcoin,” he pointed out that consumers have been able to buy products indirectly using cryptocurrency for many years.

Amazon this week increased the availability of Ethereum on its blockchain.

The BTC price surpasses the weekly highs

At the same time, Bitcoin itself changed on Wednesday, exiting the $40,000 corridor, and hitting a high of $51,800, the highest since February 25.

What surprised traders were that at the time of writing, the transaction price remained high and BTC/USD was at $51,500.

BTC/USD 1-hour candle chart (Bitstamp). Source: Tradingview

Popular trader Scott Melker summed up the news of overnight trading: “That went well.”

“Price broke out of both patterns, the local bull flag and descending channel. It is also currently trading above the 50% retracement level of the entire move, so holding above ~$50,600 would be very bullish. Let’s keep this momentum.”

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